What Next? Financial Crises, Manipulated Markets and Investor Opportunity
Stock-Markets / Financial Markets 2010 May 07, 2010 - 12:36 PM GMTBy: DeepCaster_LLC
“If we do nothing, we’re headed for a real crisis.” Jack Bogle, Founder, Vanguard Funds
For several weeks we have been warning that an Equities Takedown was impending, culminating with last week’s Article entitled “Trap For Equities Bulls! Opportunity for Others”.
So what next?
Consider that the Near and Mid-term fate of the Equities and certain other Markets is not only a function of factors such as Earnings and Sovereign Debt Defaults prospects.
But it is also much more closely tied to the fate of the ostensible Financial “Reform” legislation now pending in the U.S. Congress than one might think. This is an important “Take-way” from Establishment Money Manager Jack Bogle’s comment above.
Indeed, an analysis of the likely final shape of the legislation (as well as Debt Default and Earnings Prospects) is essential to Profiting and Protecting Wealth going forward.
It also provides the context for the Opportunity which we describe later in this article.
Unfortunately, if the current shape of the Bill (still in negotiation) is the final shape, it will have consequences which will be worse than if we were “doing nothing”.
Consider the following from John Tate, President of Rep. Ron Paul’s Campaign for Liberty.
“Despite all the limited government rhetoric you're hearing from the Republican Party these days, it appears that Senate Republican leaders, including Richard Shelby, are more than ready and willing to work with Chris Dodd to empower the Fed, add more layers of federal bureaucracy to our economy, and set the stage for future crises…
The White House is doing everything it can in the media to cram yet another powergrab down the American people's throats. A vote could come at any time…
Chris Dodd's legislation, which should be called the "Fed Empowerment Act," ignores the true cause of the recent financial downturn: interference in our economy and manipulation of our currency by Congress, the Treasury, and the Federal Reserve…
Now Senate leaders want to create a new Consumer Financial Protection Bureau, which will be housed in and funded by the Fed.
And the Dodd bill would create a "Financial Stability Oversight Council" that would have the ability to require nonbank financial companies to be under the Federal Reserve's supervision based not on their current status, but on what effect they may potentially have on the economy!
Who knows how many businesses will soon be targeted and broken up, under the guise of "reform," solely for standing up to the federal government…
…Obama's "reform" plan will actually benefit the big banks and Wall Street firms, especially Goldman Sachs, at the expense of smaller companies and the rest of us…
Tell them to reject Chris Dodd's Fed Empowerment Act and to stand up for transparency by working for a standalone vote on Audit the Fed, S. 604!”
John F. Tate, President, Campaign for Liberty
Indeed, it is almost too late, but still not too late to get a standalone vote on S604 and a Positive vote on the Sanders Amendment (S. AMDT 3738), the Fed Transparency Act.
And of course if the Fed is successful, they will have not only avoided an Audit, they will have enhanced their power.
Moreover, consider the following from a distinguished Swiss Wealth Manager.
“Wherever we look at the world economy today, we see a wall of risk…and potential financial catastrophe. We see a large number of virtually bankrupt major sovereign states (US, UK, Spain, Italy, Greece, Japan and many more) teetering atop a financial system that is bankrupt, but is temporarily kept alive with phony valuations and unlimited money printing…
Governments like the US and the UK are committed to printing increasing amounts of worthless paper money in order to finance their growing deficits. The consequence of this rescue mission will be a hyperinflationary depression in many countries, due to many currencies becoming worthless.
The list of countries at risk of bankruptcy is increasing by the day. The acronym used to be PIGS (Portugal, Ireland, Greece and Spain). It is now PIIGSJUKUS and growing. The main contenders are currently: USA, UK, Japan, Spain, Italy, Greece, Ireland, France, Portugal, Baltic States, Eastern Europe and many more. On a proper accounting basis all of these countries are already bankrupt...”
“The Sovereign Debt Disaster” Egon von Greyerz – Matterhorn Asset Management Zurich, Switzerland, 2/23/10
And Mr. Von Greyerz is not just “whistling Dixie” (or “whistling Switzerland” for that matter).
The fact is that the Total Funding needs for the PIIGS for the next three years is $2 Trillion (Source: Bank of America).
But the total IMF Bailout Capacity is $700 billion. As to Assets, the IMF has only 168 tonnes of Gold remaining and not the 3,005 tonnes reported. (cf. GATA)
Thus, the inexorable Momentum of Destructive Megatrends is impelling us toward an Economic and Markets Armageddon, about which we and a few other notable commentators have been writing for some time. The Denouement will not be at all pretty or short-lived.
Thus with the foregoing as Context we sketch an all-too-likely, in our view, Scenario of Coming Events and Consequences, and lay out key Guidelines for coping and profiting.
The Greek Crisis has now come to a head. But the impact it is having results mainly from the fact that it foreshadows the likely fate of the other PIIGS and beyond.
If Greece’s relatively small GDP were the only issue, the Sovereign Debt Default would not matter much (from an economic perspective) to the EU, or the world, except that it foreshadows more Sovereign Debt defaults by Italy (worse off than Greece), and, Spain, Portugal, and, finally France and the U.K. and perhaps even some or all “Major Nations” on the von Greyerz list of the de facto bankrupt, above.
Greece is thus a Catalyst and a Warning. (Other Nations’ prospective Sovereign Debt Defaults could serve equally well.)
As the data from Bank of America above show the $2 Trillion in PIIGS funding needs in the next 3 years are not available from the IMF. So which non-heavily indebted countries are going to pony up or lend the approximate $1.2 Trillion Shortfall? Answer: None. Consequence: Defaults.
Thus, a Tidal Wave of Sovereign Default Ripple Effects will Cascade around the world, affecting most those economies and markets which most allowed themselves to be ensnared by the Lethal Cocktail of Globalism (as opposed to Internationalism) and “Free Trade” (as opposed to Fair Trade). The least self-reliant (i.e. those who bought into the Globalist Baloney) are shown to be the most vulnerable.
It is likely that Key Central Banks will respond by printing even more Fiat Currency while simultaneously increasing demands for One Global Currency, and thus de facto, a Major step toward World Government of, by, and for The International Banker Cartel.*
Simultaneously, The Fed-led Cartel* of Central Bankers, Allies, and Agents direct the full force of their Market Intervention and Manipulation Regime developed over decades toward their ‘End Game’ goals. See “Surmounting The Cartel’s ‘End Game’ Juggernaut” (9/25/09) in the ‘Articles by Deepcaster’ cache at www.deepcaster.com for more details.
*We encourage those who doubt the scope and power of Overt and Covert Interventions by a Fed-led Cartel of Key Central Bankers and Favored Financial Institutions to read Deepcaster’s December, 2009, Special Alert containing a summary overview of Intervention entitled “Forecasts and December, 2009 Special Alert: Profiting From The Cartel’s Dark Interventions - III” and Deepcaster’s July, 2009 Letter entitled "A Strategy For Profiting From The Cartel’s Dark Interventions & Evolving Techniques - II" in the ‘Alerts Cache’ and ‘Latest Letter’ Cache at www.deepcaster.com. Also consider the substantial evidence collected by the Gold AntiTrust Action Committee at www.gata.org, including testimony before the CFTC, for information on precious metals price manipulation. Virtually all of the evidence for Intervention has been gleaned from publicly available records. Deepcaster’s profitable recommendations displayed at www.deepcaster.com have been facilitated by attention to these “Interventionals.” Attention to The Interventionals facilitated Deepcaster’s recommending five short positions prior to the Fall, 2008 Market Crash all of which were subsequently liquidated profitably.
Massive Fiat Currency printing impels Hyperinflation to rear its ugly head in earnest. The Weimar Scenario Unfolds in countries around the World and reveals that long-suppressed-truths are coming home to roost. The Hyperinflationary Depression, long hidden by bogus official statistics (see below), is revealed to the world.
Truths and Consequences
Among the long suppressed Truths that will increasingly force themselves upon general public awareness as 2010 proceeds is the fact that major Official Statistics have been bogus for several years.
Indeed, the entire Official Statistics Production Machinery has been revealed as generating Bogus Numbers as demonstrated by Shadowstats.com.
Consider the following Real Numbers from Shadowstats.com which calculates the Real Numbers for the U.S.A. the way they were calculated in the 1980’s and 1990’s before Official Data Manipulation began in earnest.
Official Numbers vs. Real Numbers (per Shadowstats.com)
Annual Consumer Price Inflation reported April 14, 2010
2.31% 9.47% (annualized April 2010 Rate)
U.S. Unemployment reported May 7, 2010
9.9% 22.0%
U.S. GDP Annual Growth/Decline reported April 30, 2010
2.55% -1.48%
And consider that the U.S. Dollar has lost one third of its purchasing power in the last 8 years, thanks primarily to the deleterious policies of the private for-profit Federal Reserve. While the U.S. Dollar has recently bounced back up over 80 (basis the USDX) as Deepcaster earlier forecast (due in part to the weakening Euro), long term the prospects for the U.S. Dollar are poor.
And consider also that the Financial Accounting Standards Board’s decision to allow financial institutions to value their portfolios according to a “Mark to Model” standard (i.e. falsely) rather than “Mark to Market” allows a Great Deception as to the True Value of those portfolios. Were portfolios required to be Marked to Market, a number of financial institutions would be shown to be bankrupt.
Considered together, the foregoing numbers (and with those below) reveal a Stealthy Transfer of Wealth and Power from Citizens around the world to The Cartel*. Long-time Citizens in the U.S. (and elsewhere) know this, at least intuitively – Two wage-earners are required today to support a family at the same standard of living in the U.S. as one wage-earner could sustain in 1972. As Richard Russell, Dean of the Newsletter writers, points out, the creation of ever-increasing debt and interest payments is unsustainable. Thus there will inevitably be a Day of Reckoning, a Day which is fast approaching.
Given the impending Disaster it is not surprising that it appears that The Cartel has an “End Game” which would absolve themselves of responsibility and to allow others to “take the hit”.
In order to stave off the Day of Reckoning (which, we reiterate, is coming mainly as a consequence of The Fed’s decade-long dramatic monetary inflation, “easy credit” and other policies), and to implement its own ‘End Game’, the Fed-led Cartel* of Key Central Bankers and Favored Financial Institutions has created, and for the past several years has operated, an extraordinary “financial Regime” built on dramatically, increasing trillions of dollars (nearly $600 trillion according to the Central Bankers Bank (BIS) report as of June, 2009 – see www.bis.org (path: statistics>derivatives>Table 19 and ff.) of Dark OTC Derivatives available for the manipulation of major markets ranging from Precious Metals to Crude Oil and Energy, to Equities and Strategic Commodities (see Deepcaster’s July, 2008 Letter at www.deepcaster.com).
The Magnitude of the Wealth Transfer this Regime has facilitated is staggering. For example, BIS Table 19 reveals that in the six months from June, 2008 to December, 2008 when investors were losing Trillions in the Market Crash, the Mega-Financial Institutions gained some $11.9 Trillion.
To be sure The Cartel’s massive and increasing use of derivatives to intervene (Overtly and Covertly via Primary Dealers) in a wide variety of markets (and especially to suppress the prices of Gold and Silver) is fraught with danger (e.g. through actual and prospective counterparty (and sovereign nation) financial failure as we are now seeing, as well as prospective Systemic Failure). Deepcaster, Warren Buffett and Jim Sinclair have pointed out the dangers of OTC derivatives. Indeed, Buffett calls them “toxic” … ”weapons of financial destruction” and Sinclair has aptly described the financial system as “sitting on a… trembling mountain of derivatives … think Weimar Republic.” Unfortunately, Deepcaster, Jim Sinclair, and Warren Buffett are correct. Indeed, the evidence provides increasing details about the Cartel’s nefarious “End Game” plan, key aspects of which we describe below.
Consider the following observation by Harry Schultz, Eminence Grise of the Newsletter writing Fraternity:
“…what is the reason for this “seemingly random monetary mess that multiplies its momentum every day? The answer, in one word, control. The elite/insiders already have control of the financial system, but they wanted more, much more…and it was not random, it was planned.” (emphasis added)
“How will all the above manifest itself in your life? The answer: “All you own will shrink...your income, assets, net worth, will shrink year after year in real terms inflation adjusted and possibly also nominally.”
HS Letter, April 27, 2008
Harry Schultz clearly sees the Threat to Profits and Wealth posed by the Fed-led Cartel*.
The Cartel* ‘End Game’, as Deepcaster has named it, apparently involves Stealthily transferring ever more Wealth and Power to The Cartel at the expense of Investors/Citizens around the world. (See elsewhere in this Letter, and “Coping with the Superpower Cartel Threat” (1/30/09) in the ‘Articles by Deepcaster’ cache at www.deepcaster.com.)
Of course, The Fed-led Cartel’s increasing Power and Profits have been threatened by Rep Ron Paul’s ‘Audit the Fed’ Bill (H.R. 1207 and S604 and the Transparency Amendment S. AMDT 3738 all of which Deepcaster supports) which fortunately has garnered two thirds Majority of the U.S. House of Representatives as co-sponsors and nearly half of the Senate on a companion Bill. Unfortunately, these have thus far been dramatically watered down in Congress this session.
Even so, the private for-profit Fed has predictably responded to the Audit Threat with a not-so-veiled counter-Threat delivered via Chairman Bernanke’s Testimony to Congress last year.
“Bernanke Threatens Economic Collapse If Fed Audited” Aaron Dykes, Infowars, Friday, June 26, 2009
Deepcaster has described in detail key aspects of The Cartel’s apparent ‘End Game’ in its June, 2007 Letter “Profiting From the Push to Denationalize Currencies and Deconstruct Nations “ and its August 13, 2006 Alert “Massive Financial-Geopolitical Scheme Not Reported by Big Media” posted in the “Archives” at www.deepcaster.com. Fortunately, a Bill was introduced in the last session of the U.S. Congress (H.Con.Res.40), which opposes this nefarious scheme.
Prologue to The Strategy designed for Profit and Protection
Already, key aspects of the Cartel’s ‘End Game’ plan have been implemented through various departments of the U.S. government agencies and NGOs.
We repeat a critical fact: Masking the True State of the Economy and Financial Markets, is a central aspect of The Cartel Regime – Data Manipulation (coupled with Markets Manipulation).
Consider again certain Real Numbers from Shadowstats.com which we set forth above, versus the Official Numbers.
And consider the FASB’s decision to allow “Mark to Model” (de facto Mark to Myth) valuations.
We emphasize, Real U.S. GDP “growth” is a negative number -- about a negative 1.48%, according to shadowstats.com, as opposed to Official Figures showing just a positive 2.55%.
That the U.S. economy (about 25% of the international economy) is headed in the direction of Serious Stagflation (a Kondratieff Winter) is pretty clear from the very credible shadowstats.com statistics cited above. Recent Predictions of a Sustainable Recovery any time soon are a combination of Media Hype and Fed “Communications policy”.
It would appear that The Cartel-charted-course toward a Stagflationary Recession/Depression, and thus toward the further implementation of their “End Game,” is on course. For more details on the ‘End Game’ see the articles referred to above. Given the foregoing, one might reasonably buy the traditional Safe Haven Assets Gold and Silver.
And, indeed we do strongly recommend buying Gold and Silver but with two Major Caveats – regarding Timing and Asset Form. In other words, it is essential to take into account ongoing Cartel Manipulation of Precious Metals prices.
The Cartel is still potent as evidenced by its delivering $50 down days at the beginning of December, 2009, and, again, at the beginning of February, 2010, plus a $24 down day in April, 2010.
Consider John William’s comments regarding where Gold and Silver “should” be if they were again to hit their inflation-adjusted 1980 highs (and, we add, were their prices not manipulated):
“…December 2, 2009 historic high gold price of $1,212.50 per troy ounce, the prior all-time high of $850.00 (London afternoon fix, per Kitco.com) of January 21, 1980... Based on inflation through January 2010, the 1980 gold price peak would be $2,367 per troy ounce, based on not-seasonally-adjusted-CPI-adjusted dollars, and would be $7,378 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars.
In like manner, the all-time high price for silver in January 1980 of $49.45 per troy ounce…has not been hit since, including in terms of inflation-adjusted dollars. Based on inflation through January 2010, the 1980 silver price peak would be $138 per troy ounce, based on not-seasonally-adjusted-CPI-adjusted dollars, and would be $429 per troy ounce in terms of SGS-Alternate-CPI-adjusted dollars.” (emphasis added)
“Annual Inflation 2.6% (CPI-U), 3.3% (CPI-W), 9.8% (SGS) Quarterly Inflation Shifted from Fourth- to Second-Quarter 2009 Economy Keeps Bottom-Bouncing as Intensified Contraction Nears”
Commentary Number 280: January CPI, PPI, Housing Starts, Production John Williams’ Shadow Government Statistics, 2/19/10
Thus, unfortunately, the Solution does not lie in Straight-out Precious Metals Purchases (i.e. without regard to Timing or Asset Form) or in Buying and Holding Quality Equities for the long term, but rather in a Strategy for making those High Priority Purchases.
The Strategy – Guidelines for Identifying Opportunities for Profit and Protection
- Hedge for Profit. Above all, it will be most important not only to hedge one’s portfolios, and to lighten up considerably on the long side of Equities Markets, but also to hedge for profit. That is, it is essential to regard the anticipated Takedowns in the Equities and other key Markets as Profit Opportunities. In sum, be just as willing to “play on the short side” as to invest on the long side. For example, three weeks ago Deepcaster recommended such a “Hedge for Profit” which is up nicely since then (see the Alert for the week ending April 16, 2010 in the ‘Alerts Cache’ at www.deepcaster.com). We expect it still has considerable upside Potential. And we have recommended several other short positions in the past few months.
- Get the Real Data. As many Investors suspect, Crucial Official Government and Agency Economic and Financial Data are of highly questionable validity. The Data set forth above from shadowstats.com is a good starting point. Educate yourself about the realities of the marketplace using Alternative Data Sources such as Deepcaster, Gold Anti-Trust Committee (www.gata.org), and shadowstats.com. Gathering and staying attuned to authentic information regarding the marketplace can save one much financial grief as well as positioning one for profit.
- Take Account of both Overt and Covert Cartel Intervention. Many of these same investors who suspect Official Statistics also rightly suspect that the private-for-profit U.S. Federal Reserve and/or key Central Banks and their agents, certain Primary Dealers, overtly and covertly manipulate Major Markets. But they might not be aware that covert Market Interventions and Data Manipulation are likely far more pervasive than generally believed, as detailed in Deepcaster’s articles mentioned above. As well, such investors may not have thought systematically about how one copes with and profits from such Intervention and Data Manipulation. Consider one example of Cartel Intervention: the Traditional and Legitimate Safe Haven from inflation, deflation, and risk, is Gold. Yet, Gold has, during the recent periods of extreme financial market turmoil, been taken down in price (e.g. in 2008) from its highs of over $1000/oz. down to around the mid-$700 level when it should have skyrocketed. In early March, 2008 Gold was over $1000/oz. when the Bear Stearns Crisis revealed the fragility of the Financial System. The Gold Price should surely have skyrocketed then. Instead, it was brutally taken down. Were its price not manipulated, Deepcaster’s view is that its price would be over $3,000.00 per ounce today. Deepcaster and others, including the Gold AntiTrust Action Committee, have offered considerable evidence that the Cartel* of Central Bankers and Favored Financial Institutions are the culprits behind these dramatic and devastating Takedowns. See Deepcaster’s Alert of 12/25/07 “A Strategy for Profiting from Cartel Intervention in Gold, Silver, Crude Oil and Other Tangible Assets Markets” in the Alerts Cache at www.deepcaster.com. But there is a Profitable Refuge from Market Intervention (especially regarding Gold and Silver) and Data Manipulation. That Profitable Refuge lies in the Strategy described in the aforementioned Alert, certain characteristics of which we outline here:
- Recognize that the “Buy and Hold” strategy rarely succeeds anymore. The Eminence Grise of Newsletter writers, Harry Schultz perhaps put it the best when he stated that “buy and hold no longer works anymore, even with Gold.” Recent Market Developments should suffice to demonstrate this principle! Indeed The Dow was at about its current level of 10,000ish, a decade ago. And, adjusted for Official inflation Dow stockholders have actually lost over 30% of the purchasing power of The Dow’s dollar-value. Adjusted for Real Inflation Dow-holders have lost much more.
- Track the Covert Interventionals as well as the Technicals and Fundamentals and Overt Interventionals. Tracking the Footprints, as it were, of the Covert Interventionals (e.g. the Repo and TSLF Pools) daily can often, but not always, give one excellent clues about The Cartel’s next likely Interventional Moves - - such clues are essential to preserving wealth and making profits. Deepcaster’s tracking of The Interventionals, for example, allowed him to recommend five short positions going into September, 2008, (i.e. before the Market Crash) all of which he has subsequently recommended be profitably liquidated. Deepcaster’s recent article “Cartel Angst Equals Investor Advantage” (9/18/2009 can be found in the ‘Articles by Deepcaster’ at www.deepcaster.com) lays out a specific strategy for use in investing and trading in the heavily manipulated Gold and Silver Market.
- Perhaps most important, be prepared to go both long and short Major Market Sectors - - long near the bottoms of Interim Takedowns and short near Sector Tops. The Interventionals are essential to helping identify these tops and bottoms. In Deepcaster’s view, it will be increasingly difficult to achieve a net profit for one’s portfolio if one is unwilling and/or unable to “go short” as well as “long”. The Blossoming of the 200% and 300% (and other) leveraged ‘short’ and ‘long’ ETF’s described above provide a superb opportunity to go short and long with ease, but not, as we explain in recent articles, without risk.
- Be aware of and Active in the overall Geopolitical Landscape in order to gain an adequate understanding of how that Landscape might affect the present and future direction of the Markets. It is essential that one understand the motivations of the major players in the market and the resources at their disposal. For example, a Major Motivation of the U.S. Federal Reserve and other key Central Banks is the protection and enhancement of the legitimacy of their Treasury Securities and Fiat Currencies as Measures and Stores of Value. Therefore, one can understand that one of their Major Goals will be to attempt de-legitimize Gold, Silver and the Strategic Commodities, including especially Crude Oil, as Stores and Measures of Value. With this in mind, the periodic takedowns of Gold and Silver and, beginning in July, 2008, of Crude Oil, become understandable. Moreover, such an insight applied daily to the market can result in a tremendous edge in understanding market performance, present and future. Moreover, regarding the assets at The Cartel’s disposal, if one tracks the Repurchase Agreement and TSLF Pools regularly for example, and is aware of the other Interventional tools that The Cartel has at its disposal, then one gains a considerable edge.
- Finally, Hard Assets Partisans have the opportunity to become involved in Political Action to diminish the power of The Cartel. It is truly outrageous that the average unsuspecting citizen, and prospective retiree, can and does put his hard won assets in Tangible Assets and/or Retirement Accounts only to have those assets effectively de-valued by Cartel Takedowns, U.S. Dollar Devaluation and other Cartel actions. This is extremely injurious to many average citizens in many countries who are saving for the rainy day or retirement and have their retirement and/or reserves effectively taken from them. In order to help prevent this and similar outrages, we recommend taking three steps:
- Become involved in the movement to Audit and then abolish the private-for-profit U.S. Federal Reserve as Deepcaster, former Presidential candidate Rep. Ron Paul, and legendary investor Jim Rogers, all have advocated. The ‘Audit The Fed’ Bill is H.R. 1207 (and has over 200 co-sponsors) and S604 in the Senate; and The Abolish The Fed Bill is H.R. 2755.Unfortunately these bills have, thus far been watered down in this session of Congress. www.carryingcapacity.org is a nonprofit organization which actively supports these bills.
- Join the Gold AntiTrust Action Committee, which works to eliminate the manipulation of the Gold and Silver markets (www.gata.org). GATA is a nonprofit organization, which makes a great contribution by gathering evidence regarding the suppression of prices of Gold, Silver and other commodities.
- Work to defeat The Cartel ‘End Game.’ Deepcaster has laid out the evidence regarding the Ominous Cartel “End Game” in “Coping with Power Moves in the Cartel's 'End Game' “ (04/24/2009) in the ‘Articles by Deepcaster’ cache at www.deepcaster.com. Clearly (and the recent U.S. Dollar bounce) The Cartel is sacrificing the U.S. Dollar over the long-term to prop up Favored International Financial Institutions and to maintain its power. But this sacrifice cannot continue forever. See Deepcaster’s July 2008 Letter in the ‘Latest Letter’ Archives at www.deepcaster.com.
Additional insights and details regarding the foregoing Strategy, which are essential to profiting from The Cartel’s Policies, are laid out in Deepcaster’s article of 3/06/09 entitled “Investor Advantage: Revisiting The Cartel’s ‘End Game’ ” in the ‘Articles by Deepcaster’ cache at www.deepcaster.com.
Details of the Strategy designed to profit in spite of Cartel Intervention, specifically in the Precious Metals markets, are described in “Defeating The Cartel…With Profit” (3/28/2008) in the ‘Articles by Deepcaster’ cache at www.deepcaster.com. And in our Alert published three weeks ago, we recommended a specific Investment (for both Profit and Protection in The Crises), which is already up nicely, and which likely has much higher to run.
Indeed, the Key Point of the Strategy for Protection and Profit is careful attention not only to the Fundamentals and Technicals but also to the Interventionals. These Overt and Covert Cartel-generated Interventions have the power to move markets as those who study the matter can attest. In sum, the Key to Profit and Protection is a Strategy: Successful Investors must become Long-Term Position Traders, with their trading choices informed by the Interventionals, as well as the Fundamentals and Technicals. Moreover, engaging in the Actions suggested above can help prevent The Cartel’s obtaining Superpower status, and thus aid in achieving wealth protection and profits as well.
Best Regards,
By DEEPCASTER LLC
www.deepcaster.com
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Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
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